Terra Luna Classic Community Rejects Core Developer L1TF’s Security Upgrade Proposal Over Pay-per-Job Concerns from Validators.
The Terra Luna Classic community has rejected the proposal for a fundamental security upgrade package by L1TF, the project’s primary developer. The proposal encountered obstacles when validators, including Allnodes, cast “No” votes, citing proposal 11889, which proposed a pay-per-job model for developments, to justify rejecting the present proposal.
Terra Luna Classic Rejects Proposed Core Security Upgrade
The community rejects proposal 12008 for the Joint L1 Task Force’s (L1TF) core security upgrade package even though it is an essential measure for enhancing the integrity and security of the chain. Additionally, the proposal played a crucial role in fulfilling the need for infrastructure support for TFL.
Following a vote by validators to deny the proposal, support for the proposal fell below 30%. The proposition was opposed by several validators, including Allnodes, Interstellar Lounge, Interstate One, Moon Rabbit Validator, and LUNC DAO.
As stated by a validator, blocking pull requests hinders the chain’s immediate advancement and has extensive ramifications, such as eroding community trust and collaboration. Ultimately, this may impede Terra Classic’s ability to achieve long-term success and sustainability.
Voter LuncLive introduced Proposal 12013, “Repeal Proposal 11889 PPJ,” to repeal the pay-per-job and governance-ruled job proposal. It asserts that it induced considerable perplexity and ambiguity among validators, architects, and the general public.
USTC And LUNC Continue to Decline
The price of LUNC has decreased by more than 3 percent in the last twenty-four hours, negating gains from the previous week. The current trading price is $0.00009563; its highest and lowest values over the past twenty-four hours are $0.00009477 and $0.0001012, respectively. The trading volume has declined by 30% over the past twenty-four hours.
Terra Classic price decline below the support trendline of the pennant pattern, as determined by CoinGape Markets, initiates a protracted downtrend of at least 30%.
In contrast, the price of USTC has decreased by 5% over the past twenty-four hours but is still up 5% over the past week. The price is currently recorded at $0.0247, fluctuating between $0.0246 and $0.0267 over the past twenty-four hours.
